Audit Division

The Audit Division is the primary service division of RSM Puerto Rico.  Its partners and managers combine decades of audit and related service experience in many industries.  The division primarily provides audit services that involve auditing client financial statements and rendering a professional opinion as independent Certified Public Accountants as to the fairness of the presentation of the financial statements.  Besides auditing services, the Audit Division provides the following related services:

  • Business consulting
  • Financial forecast and projections
  • Operations improvement
  • Performance and operational audits and other attestation services
  • Operating budgets
  • Personal financial statements
  • Compilations and reviews
  • Compliance and regulatory audits and other attestation services
  • Updating of accounting records
  • Ratio and trend analysis
  • Evaluation and implementation of financial controls
  • Loans evaluation and financial reviews
  • Internal audit program evaluation and development
  • Internal control evaluations

Special Services

The expertise we have acquired over the years enables us to serve our clients in many other ways, including services in the following areas:

  • Bankruptcy
  • Litigation support
  • Internal audit implementation
  • Internal audits
  • Accounting procedures manuals
  • Insurance claims/loss determination
  • Business valuation
  • Due diligence
  • SOX 404-related services
  • Consulting in Enterprise Risk Management (ERM)
  • Personnel recruitment

Other Affiliations and Memberships

Because of our commitment and determination to provide quality service, RSM Puerto Rico is a member in good standing of the following quality professional organizations:

  • Public Company Accounting Oversight Board (PCAOB)

RSM Puerto Rico is registered with the Public Company Accounting Oversight Board (PCAOB).  The PCAOB is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public companies in order to protect the interest of investors and public interest in the preparation of informative, fair and independent audit reports.

  • AICPA Private Company Practice Section Firm Practice Center (PCPS)

RSM Puerto Rico is a member of the Private Company Practice Section Firm Practice Center (PCPS).  Firm members are provided with valuable information and resources in the area of practice management and are subject to various membership requirements, including the documentation of our quality control policies and procedures and an independent review of its accounting practice every three years.

  • AICPA Gonvernmental Audit Quality Center (GAQC)

RSM Puerto Rico is a member of the AICPA Governmental Audit Quality Center (GAQC).  This Quality Center includes not only those firms that are engaged in audits of governmental clients, but also not-for-profit entities, including those who receive federal financial assistance that are subject to the requirements of OMB Circular A-133.  Firm members are committed to achieve the highest standards in performing quality governmental audits.  This firm-based voluntary membership requires practice management, additional training, quality control and self monitoring.  In addition, center members also agree to make publicly available the results of their external peer reviews of their audit practice.

  • AICPA Employee Benefits Plans Audit Quality Center (EBPAQC)

RSM Puerto Rico is a member of the AICPA Employee Benefit Plans Audit Quality Center (EBPAQC).  Firm members are committed to providing quality audit services to their clients in Employee Benefit Plans by voluntarily adhering to center membership requirements, including additional training, quality control and self monitoring.  Center members also agree to make publicly available the results of their external peer reviews of their audit practice.

New accounting standards impact how nonprofits report revenue

23 January 2019
Implementation by calendar year-end public entities is required by January 1, 2018 and no later than December 31, 2019 for other calendar year-end entities.  

How can we help you?

Contact us by phone 787.751.6164 or submit your questions, comments, or proposal requests.

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